Oil prices fell by 2% early on Tuesday as hope of a peace deal in Ukraine increased, sending Brent crude below $60 per barrel to the lowest level since May.  As of 9:47 a.m. ET on Tuesday, the front-month Brent Crude futures prices traded down by 2.10% below the $60 per barrel threshold, at $59.29.  The U.S. benchmark, WTI Crude, slipped by 2.22% and traded at $55.56 per barrel by early morning ET. The U.S. oil price has plunged by 22% year to date and is on track for the worst performance since 2018. Brent, for its part, has lost 20%…

Pakistan and Russia are discussing a potential cooperation agreement in the oil sector, including in exploration, production, and refining, Pakistani Finance Minister Muhammad Aurangzeb told Russian news agency RIA on Tuesday.   “All of these areas are Russia’s strengths. And we would be very happy if Russia agreed on an agreement in this sector with Pakistan,” the Pakistani official was quoted as saying by RIA.   Earlier this year, Russia’s Energy Minister Sergei Tsivilev said that Russia discussed the…

Pakistan and Russia are discussing a potential cooperation agreement in the oil sector, including in exploration, production, and refining, Pakistani Finance Minister Muhammad Aurangzeb told Russian news agency RIA on Tuesday.   “All of these areas are Russia’s strengths. And we would be very happy if Russia agreed on an agreement in this sector with Pakistan,” the Pakistani official was quoted as saying by RIA.   Earlier this year, Russia’s Energy Minister Sergei Tsivilev said that Russia discussed the…

Amid major policy shifts, next year will see the first-ever decline in annual solar power capacity installations, following the weakest growth in seven years in 2025, according to BNEF’s Global PV Market Outlook.  Developers are set to add globally a total of 649 gigawatts (GW) of solar power capacity in 2026, which would be a slight drop compared to this year’s additions expected at 655 GW, the outlook showed on Tuesday.  “The solar industry is entering a low-growth phase after years of rapid expansion,” analysts…

Amid major policy shifts, next year will see the first-ever decline in annual solar power capacity installations, following the weakest growth in seven years in 2025, according to BNEF’s Global PV Market Outlook.  Developers are set to add globally a total of 649 gigawatts (GW) of solar power capacity in 2026, which would be a slight drop compared to this year’s additions expected at 655 GW, the outlook showed on Tuesday.  “The solar industry is entering a low-growth phase after years of rapid expansion,” analysts…

Amid major policy shifts, next year will see the first-ever decline in annual solar power capacity installations, following the weakest growth in seven years in 2025, according to BNEF’s Global PV Market Outlook.  Developers are set to add globally a total of 649 gigawatts (GW) of solar power capacity in 2026, which would be a slight drop compared to this year’s additions expected at 655 GW, the outlook showed on Tuesday.  “The solar industry is entering a low-growth phase after years of rapid expansion,” analysts…

U.S. energy investor Kimmeridge has offered to buy natural gas producer Ascent Resources for $6 billion amid a heated battle over plans of the gas driller’s private equity backer to transfer its stake from one of its funds to another, Kimmeridge’s managing partner Ben Dell told the Financial Times.  The Energy & Minerals Group, a private equity firm focused on natural resources, plans to transfer its more than 30% stake in Ascent Resources into a newly formed continuation vehicle, which is estimated to value the gas producer…